Bank of Nanjing to redeem convertible bonds

Bank of Nanjing has announced its 18th indicative announcement regarding the redemption and delisting of its convertible bonds, referred to as "Nanjing Bank Convertible Bonds." The company will redeem these bonds on July 17, 2025, at a price of CNY 100.1537 per bond. This action follows the trigger of a conditional redemption clause, as the stock price met the required threshold for 15 trading days.

The last trading day for these bonds is July 14, 2025, and the final conversion date is July 17, 2025. Investors are strongly advised to either convert their bonds into shares or sell them before these deadlines to avoid potential losses, given the significant difference between the current market price and the redemption price. Following the redemption, the convertible bonds will be delisted from the Shanghai Stock Exchange on July 18, 2025.